The persistent strength of the dollar threatens to do to Joe Hockey what it did to Wayne Swan - and the stakes are just as high for the government as they were for Labor, Bernard Keane and Glenn Dyer write.
Treasury always gets it wrong -- but is the margin of error acceptable? History shows it has a variable record, and suggests what Wayne Swan's deficit might end up being.
Yesterday’s MYEFO figures reveal in clear terms just what a policy disaster the current version of the CPRS is. It also gives the lie to the absurd line from ETS opponents that the CPRS is a giant tax.
Wayne Swan has unveiled a significant improvement in the Government’s fiscal position from next year, with this morning’s Mid-Year Economic Forecasts showing far higher economic growth and lower unemployment than the Budget forecast back in May.